Emirates NBD has launched its own private cloud, and is in the process of transitioning all of its applications onto the platform.

The bank says its new private cloud platform leverages similar technologies to cloud-native companies. The launch is part of the bank’s ongoing AED 1 billion IT transformation.

“Launching our own private cloud marks a key milestone in Emirates NBD’s capability to provide our customers with first-to-market banking innovations,” said Abdulla Qassem, group chief operating officer, Emirates NBD. “We are the first bank in the region to invest in this world-class private cloud technology that will enable us to deliver higher value to our customers, at an increasingly rapid rate. As we continue to lead the region’s banking sector, I look forward to announcing more technology-firsts over 2018 and beyond.”

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Through its new private cloud technology, the bank’s IT platforms and applications will benefit through enhanced cost efficiencies as well as higher security, resilience, flexibility, insight and quality control. Emirates NBD’s future innovations will also be available with an accelerated time-to-market.

The new private cloud’s continuous delivery and automation features means Emirates NBD can more rapidly experiment, as well develop and launch new products faster.